Knights of Columbus Foundation of Oklahoma

Analysis

Knights of Columbus Foundation of Oklahoma is a registered charity in United States, based in Okarche, OK. It received its IRS tax-exemption ruling in November 1976, 50 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Knights of Columbus Foundation of Oklahoma reported income of $163k and spending of $215k, spending 132% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $72k to $163k (+127%), an average of +23% a year. The sharpest change came in the year to March 2023, when income rose by 69%. Over the whole period it spent 137% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Knights of Columbus Foundation of Oklahoma sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within OK. Charities of a similar size with the same main cause include Institute for Commercialization of Florida Technology Inc ($163k), Run-Hope-Work ($163k) and Valvoline Instant Oil Change Hands on Assistance Fund Inc ($163k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 61% and program service revenue 30% of the total. At year end it held assets of $1.1m against liabilities of $967k, net assets of $171k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.